Fri, 27 Jan 2012 12:51:59 GMT
US shares pull back on housing data
US stocks pared the gains on Thursday after data showed the sales of new homes unexpectedly dropped in December, putting pressure on investor sentiment. S&P 500 index lost 0.57% or 7.62 points and closed at 1,318.43, while Dow Jones Industrial Average index edged down 0.18% or 22.33 points to 12,734.63. Nasdaq Composite fell 0.46% or 13.03 points and settled at